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LBC Credit Partners Provides Senior Secured Credit Facilities to Support the Acquisition and Subsequent Recapitalization of Liberty Party Rental

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LBC Credit Partners Provides Senior Secured Credit Facilities to Support the Acquisition and Subsequent Recapitalization of Liberty Party Rental

PR Newswire

PHILADELPHIA, Sept. 13, 2018 /PRNewswire/ -- LBC Credit Partners ("LBC"), a leading provider of financing solutions to middle market companies, provided senior secured credit facilities to support the acquisition and subsequent recapitalization of Liberty Party Rental by CE Rental, Inc. ("CE Rental"), a portfolio company of Dubin Clark & Company, Inc. ("Dubin Clark").

LBC served as Agent and Sole Lead Arranger for the senior secured credit facilities.

CE Rental, founded in 1952 and headquartered in Raleigh, North Carolina, is a leading special event rental company that provides a wide variety of event rental equipment including tents, linens, fine china, flatware, dinnerware, tables and chairs and more. Since being acquired by Dubin Clark in February 2017, CE Rental expanded its geographic footprint and product offering through the acquisitions of Skyline Tent Company (Charlottesville, Virginia and Charleston, South Carolina), Capital Party Rentals (Dulles, Virginia), Festive Fare Rentals (Charlottesville, Virginia) and locations in Raleigh and Charlotte, North Carolina.

Based in Nashville, Tennessee, Liberty Party Rental has built an award-winning reputation for exceptional customer service, featuring a veteran team with 150+ years of collective special events industry experience. Liberty Party Rental is known for introducing innovative new rental products and offering an extensive inventory of china, tables, chairs, tents, linens, dance floors, bars and catering equipment. The acquisition of Liberty Party Rental further expands upon CE Rental's growth throughout the Southeast.

Dubin Clark, founded in 1984 and headquartered in Boston, Massachusetts, has a long history of investing in middle-market buyouts and building businesses in partnership with the management of their portfolio companies. Dubin Clark seeks control equity investments in business services, niche manufacturing, and specialty rental businesses with EBITDA of $2 million to $10 million (smaller for add-on investments).

About LBC Credit Partners
LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With over $3 billion* of capital commitments, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing.  LBC is headquartered in Philadelphia, with offices in Chicago, New York and Los Angeles. To learn more, visit www.lbccredit.com.

*Information as March 31, 2018

MEDIA CONTACT: 
Lisa Rubano-Volansky
Tel (724) 979-4293
Email: lrubano@50words.com  

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SOURCE LBC Credit Partners

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